Head of Cash & Custody Operations at Federal Reserve Bank (FRB) in East Rutherford, New Jersey

Job Description:

Company

Federal Reserve Bank of New York

Federal Reserve Bank of New York

Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.

What we do: 

The Cash and Custody Function engages in critical operations on behalf of the Federal Reserve Bank of New York and the Federal Reserve System including the distribution of U.S. Dollar Currency to the Second District, Puerto Rico, U.S. Virgin islands & international customers, as well as Gold Safekeeping Operations. 

Reporting directly to the Head of Cash & Custody, you will work collaboratively with other leaders and stakeholders across the Bank, Federal Reserve System & US Government agencies as a broad and influential thought leader.

Your role Head of Cash & Custody Operations:

As the Head of Cash & Custody Operations, you will oversee and develop high-performing teams to manage 2nd District and international U.S. Dollar currency distribution through commercial channels, risk and compliance management as well as Gold Safekeeping Operations.

• Leads an organization of 100+ including a team of managers of Cash & Currency operators and gold custodial staff.


• Ensures that business operations are well controlled, documented, and aligned with Bank, System and US Treasury policies.


• Fosters a nimble, continuous improvement culture responsive to industry and environmental change while driving successful outcomes of complex, strategic & multiyear initiatives.

What we are looking for:

• Demonstrated experience overseeing large scale critical operations, ideally within a complex, mission-driven organization; focus on continuous improvement methodologies a plus.


• Outstanding people manager, with inspirational leadership skills bringing people together. Strong collaboration skills, a focus on positive intent and an interest in ensuring strong relationships with an ability to partner effectively with others in the pursuit of common goals.


• Emotional intelligence, including the ability to build trust in a variety of relationships through candor, reliability, and authenticity as well as the capacity to embrace and draw from diversity and inclusion to improve the quality of outcomes.


• Creates a team culture that enables staff to achieve results in a changing environment.


• Excellent change management skills, including advocating, anticipating, and orchestrating change.


• Ability to satisfy the Federal Reserve System's conflict of interest requirements. 

Salary Range: $248700 - $325000 / year  

We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.  

  

Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.  

  

Benefits:  

Our organization offers benefits that are the best fit for you at every stage of your career:  

• Fully paid Pension plan and 401k with Generous Match  




• Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)  




• Subsidized Public Transportation Program  




• Tuition Assistance Program   




• Onsite Fitness & Wellness Center  




• And more  

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.  

  

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.  

  

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.   

  

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.  

  

In addition, candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and during employment.   

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Banking Services

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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